The arrests of the senior editors last week didn't initially deter the journalists at the staunchly pro-democracy media outlet, who organized a special 500,000 print run of the next day's paper that supporters snapped up.
But a U.S.-based advisor to Jimmy Lai, Mark Simon, said in an interview with Reuters that the asset freeze imposed by the police meant the company can't continue to pay staff.
Next Media, the parent company, will hold a board meeting and has indicated if the police don't unfreeze the company's assets, it will cease printing the paper and stop updating the website.
Hong Kong police say multiple articles published by the newspaper are under investigation for violating the vague and sweeping security law that Mr. Xi brought in and warned other journalists in Hong Kong not to repost any of the paper's stories.
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